Victoria's Secret Shifts to Cautious Hold Amidst Sustained Demand
by : Strive Masiyiwa
Victoria's Secret, previously rated a sell due to inconsistent profitability, balance sheet issues, and unattractive valuation, is now upgrading to a cautious hold. This change reflects a reassessment based on recent Q4 and FY2025 results and an updated outlook. While demand appears sustained, concerns regarding the balance sheet and overall valuation persist, influencing the revised investment thesis for VSCO.